SPIEF in India: Prospects for Bilateral Cooperation

On January 30, 2016, two St. Petersburg International Economic Forum panel sessions on bilateral relations between Russia and India will take place in New Delhi: “Fulfilling the Indian–Russian economic promise” and “BRICS growth agenda: investment hot spots in Russia” (run jointly with the Agency for Strategic Initiatives).

Russia considers India to be a strategic partner. Relations between our countries are built on foundations of trust, mutual respect, and consideration for each other’s interests.I firmly believe that these Russian panel sessions – which are being held as part of a major Indian business forum – will provide a renewed impetus for two-way trade and investment,” said Anton Kobyakov, Advisor to the President of the Russian Federation and Executive Secretary of the St. Petersburg International Economic Forum Organizing Committee.

In what will mark a first, The Global Business Summit will host the SPIEF sessions, which are jointly organized by the Roscongress Foundation and the Times of India media group. The first panel session, entitled “Fulfilling the Indian-Russian economic promise,” will focus on issues related to developing and broadening economic ties, as well as collaboration in energy, health care, IT, and environmental protection. The panel session “BRICS growth agenda: investment hot spots in Russia” is being run jointly with the Agency for Strategic Initiatives, with the participation of representatives of various Russian regions. Its aim will be to showcase investment regions and their potential. These will specifically focus on the republics of Bashkortostan and Mordovia, and the Kostroma and Penza regions.

Further discussions of economic and investment-related aspects of cooperation between Russia and India will take place at SPIEF 2016 (June 16–18). The 20th St. Petersburg International Economic Forum will bring together political leaders, representatives of Russian and overseas ministries and agencies, and heads of companies based in Russia and abroad to discuss global issues, including those relating to economics and finance.